NewcelX Correlations

NCEL Stock

2.79 0.03 1.09%

The current 90-days correlation between NewcelX and Pasithea Therapeutics Corp is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NewcelX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NewcelX moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NewcelX Correlation With Market

Excellent diversification

The correlation between NewcelX and DJI is -0.56 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NewcelX and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NewcelX Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NewcelX. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

For more information on how to buy NewcelX Stock please use our How to buy in NewcelX Stock guide.

Moving together with NewcelX Stock

0.81	ARGX	argenx NV ADR	Pair Corr
0.65	KUKE	Kuke Music Holding	Pair Corr

Moving against NewcelX Stock

0.7	RY	Royal Bank	Pair Corr
0.69	TORO	Toro	Pair Corr
0.64	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.62	REGN	Regeneron Pharmaceuticals	Pair Corr
0.59	NONOF	Novo Nordisk AS	Pair Corr
0.58	VRTX	Vertex Pharmaceuticals	Pair Corr
0.57	NVO	Novo Nordisk AS Aggressive Push	Pair Corr
0.57	UFPT	UFP Technologies	Pair Corr
0.51	GOLD	Gold Inc Symbol Change	Pair Corr
0.49	ACFN	Acorn Energy Common Tech Boost	Pair Corr
0.46	BLK	BlackRock	Pair Corr
0.43	BRRAY	Barloworld ADR	Pair Corr
0.38	OZK	Bank Ozk	Pair Corr
0.33	F-PC	Ford Motor	Pair Corr
0.77	SAFLF	Safilo Group SpA	Pair Corr
0.73	TATT	Tat Techno	Pair Corr
0.68	PAZRF	Plaza Retail REIT	Pair Corr
0.64	CWST	Casella Waste Systems	Pair Corr
0.56	MGPUF	MG Plc	Pair Corr
0.52	ON	ON Semiconductor Tech Boost	Pair Corr
0.52	BLCO	Bausch Lomb Corp	Pair Corr
0.51	ZNOG	Zion Oil Gas	Pair Corr

Related Correlations Analysis

	OCEA	BACK	PRE	SRZN	CERO	SABS	BCTXW	NUWE	CELU	KTTA
OCEA		-0.55	-0.1	-0.25	0.03	0.01	-0.04	0.17	0.3	-0.32	OCEA
BACK	-0.55		0.1	0.49	0.08	0.03	0.18	-0.35	-0.43	0.53	BACK
PRE	-0.1	0.1		0.74	-0.62	0.7	-0.84	0.25	-0.66	0.0	PRE
SRZN	-0.25	0.49	0.74		-0.3	0.55	-0.57	0.1	-0.53	0.43	SRZN
CERO	0.03	0.08	-0.62	-0.3		-0.66	0.57	-0.02	0.59	0.32	CERO
SABS	0.01	0.03	0.7	0.55	-0.66		-0.68	0.34	-0.43	-0.08	SABS
BCTXW	-0.04	0.18	-0.84	-0.57	0.57	-0.68		-0.48	0.43	0.11	BCTXW
NUWE	0.17	-0.35	0.25	0.1	-0.02	0.34	-0.48		0.04	-0.18	NUWE
CELU	0.3	-0.43	-0.66	-0.53	0.59	-0.43	0.43	0.04		0.05	CELU
KTTA	-0.32	0.53	0.0	0.43	0.32	-0.08	0.11	-0.18	0.05		KTTA
	OCEA	BACK	PRE	SRZN	CERO	SABS	BCTXW	NUWE	CELU	KTTA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SRZN	+ 0.74	PRE
SABS	+ 0.7	PRE
CELU	+ 0.59	CERO
BCTXW	+ 0.57	CERO
SABS	+ 0.55	SRZN
KTTA	+ 0.53	BACK

High negative correlations

BCTXW	- 0.84	PRE
BCTXW	- 0.68	SABS
SABS	- 0.66	CERO
CELU	- 0.66	PRE
CERO	- 0.62	PRE
BCTXW	- 0.57	SRZN

Risk-Adjusted Indicators

There is a big difference between NewcelX Stock performing well and NewcelX Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze NewcelX's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OCEA	46.95	17.66	0.47	(3.50)	27.64	(87.10)	160.00	(60.00)	473.33
BACK	16.49	2.95	0.18	1.02	13.85	(27.68)	37.80	(25.25)	271.43
PRE	3.83	0.94	0.23	0.56	3.61	(4.26)	9.77	(6.74)	22.19
SRZN	4.54	1.19	0.23	0.80	4.54	(5.40)	13.34	(10.10)	34.29
CERO	7.03	(1.27)	0.00	(1.06)	0.00	0.00	14.29	(17.27)	49.80
SABS	2.93	0.36	0.07	(1.26)	3.48	(3.48)	6.13	(5.91)	22.52
BCTXW	8.86	(2.98)	0.00	9.66	0.00	0.00	13.91	(26.25)	61.85
NUWE	6.85	0.10	0.01	0.16	8.20	(7.96)	12.39	(14.01)	100.50
CELU	3.33	(0.53)	0.00	(0.36)	0.00	0.00	10.29	(6.70)	26.97
KTTA	7.37	0.89	0.11	0.38	7.86	(12.10)	13.95	(12.50)	137.41

NewcelX Corporate Management

Uri BenOr	Chief Officer	Profile
Yossi BenYossef	Honorary Consultant	Profile
Omri Hagai	Chief Officer	Profile
Eric MD	Head Program	Profile

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